the aluminium industry revolution at our doorstep · 11/3/2019 · this presentation includes...

THE ALUMINIUMINDUSTRYREVOLUTIONAT OUR DOORSTEP

TMS2019March 11, 2019

Presented by: Vincent Christ

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© 2018-2019, ELYSIS Limited Partnership, All rights reserved. ELYSIS is a trademark of ELYSIS Limited Partnership.

Copyrighted material. Reproduction or distribution without written permission of the presenter is prohibited.

F O R WA R D - L O O K I N G S TAT E M E N T S

This presentation has been prepared by ELYSIS Limited Partnership (“ELYSIS”) and consisting of the slides for a presentation concerning ELYSIS. By reviewing/attending this presentation you agree to be bound by the following conditions.

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C A U T I O N A R Y S TAT E M E N T

This presentation includes forward-looking statements. All statements other than statements ofhistorical facts included in this presentation, including, without limitation, those regarding ELYSIS orits partners’ financial position, business strategy, plans and objectives of management for futureoperations (including development plans and objectives relating to ELYSIS products, productionforecasts and reserve and resource positions), are forward-looking statements. Such forward-lookingstatements involve known and unknown risks, uncertainties and other factors which may cause theactual results, performance or achievements of ELYSIS, or industry results, to be materially differentfrom any future results, performance or achievements expressed or implied by such forward-lookingstatements. Such forward-looking statements are based on numerous assumptions regarding ELYSISor its partners present and future business strategies and the environment in which ELYSIS or itspartners will operate in the future. Among the important factors that could cause ELYSIS actualresults, performance or achievements to differ materially from those in the forward-looking statementsinclude, among others, levels of actual production during any period, levels of demand and marketprices, the ability to produce and transport products profitably, the impact of foreign currencyexchange rates on market prices and operating costs, operational problems, political uncertainty andeconomic conditions in relevant areas of the world, the actions of competitors, activities bygovernmental authorities such as changes in taxation or regulation and such other risk factors thatELYSIS or its partners may identify from time to time. Forward-looking statements should, therefore,be construed in light of such risk factors and undue reliance should not be placed on forward-lookingstatements. These forward-looking statements speak only as of the date of this presentation.Although forward-looking statements contained in this presentation are based upon whatmanagement of ELYSIS believes are reasonable assumptions, there can be no assurance thatforward-looking statements will prove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. ELYSIS undertakes no obligation to updateforward-looking statements if circumstances or management’s estimates or opinions should changeexcept as required by applicable securities laws. The reader is cautioned not to place undue relianceon forward-looking statements.

© 2018-2019, ELYSIS Limited Partnership, All rights reserved. ELYSIS is a trademark of ELYSISLimited Partnership.

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WHERE DO WE COME FROM?

The quest for aluminium smelting using inert anode technology dates back to 1886

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Let’s take a look at the historical perceptions first:+ It is the industry’s holy grail, hence it cannot be achieved+ Inert anode technology consumes more energy than

Hall-Héroult cells+ Inert anodes are not so inert after all+ Metal purity cannot be achieved

The industry has not yet delivered a commercially viable inert anode technology


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WHY DOES INERT ANODE MATTER EVEN MORE TODAY?

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+ Climate change impacts can be observed every day

+ Consumer’s environmental consciousness is on the rise

+ Generation Z influences business on climate change(Greta Thunberg1) at Davos)

+ Other industries are adapting to the new reality (end ofcombustion engine in sight)

+ Companies are working to reduce carbon footprint oftheir products

+ Capital intensity combined with low commodity pricesrepresent a major challenge for the industry

1)

Greta Ernman Thunberg is a 16 year old Swedish political activist working to stop global warming and climate change. In August2018, she became a prominent figure for starting the first school strike for climate outside the Swedish parliament building.


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PARTNERSHIP BETWEENTWO WORLD LEADERS IN THE ALUMINIUM INDUSTRY World leading

breakthrough proprietary materials

Readyto scale-up

World’s leading smelting and electrodes technology development and sales organization

World leading

breakthrough cell design

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ELYSIS ANNOUNCEMENTMAY 2018



https://youtu.be/nvmLGOB1EJo

OUR TEAM

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David DeYoungDirector Anode & Cathode Technology Development

Adam DiNardoDirector Business Development

Andrew SchnitgenDirector Program Management

Benoit CosteDirector SmelterTechnology Development

Lana KobtsevaBusiness Executive

Louis DubéGeneral Counsel

Lance SwortsDirector Pilot Operations

Simon PoitrasDirector Communications

Jean-Pierre DesmoulinsDirector Project Delivery

Vincent ChristCEO

Andrew LogsdonCFO


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INDUSTRY GROWTH CYCLE

Major reduction in capital cost

+ No carbon sector

+ No SO2 scrubber

+ Retrofit solution addresses capex challenge

+ Replace Hall-Héroult cell in existing building

+ Conversion during smelter operation

+ Repurpose carbon area

INDUSTRY DOWNTURNBUSINESS CASE

9© 2018-2019, ELYSIS Limited Partnership, All rights reserved. ELYSIS is a trademark of ELYSIS Limited Partnership.

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STEP CHANGE IN OPERATING COST

+ Inert anode life 30 times better than carbon+ Proprietary materials supplied by ELYSIS™+ Eliminates potential implications from carbon taxes+ Improves occupational health and safety


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A NEW ERA FOR THE ALUMINIUM INDUSTRYWhen environmental and financial performance meet

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